While Celestica, Inc. has overperformed by 2.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLS rose by 334.39%, with highs and lows ranging from $51.12 to $10.77, whereas the simple moving average jumped by 53.11% in the last 200 days.
On April 26, 2024, CIBC Downgraded Celestica, Inc. (NYSE: CLS) to Neutral. A report published by TD Securities on July 28, 2023, Upgraded its rating to ‘Buy’ for CLS. RBC Capital Mkts also Upgraded CLS shares as ‘Outperform’, setting a target price of $22 on the company’s shares in a report dated July 28, 2023. CIBC July 28, 2023d the rating to Sector Outperform on July 28, 2023, and set its price target from $14 to $25. Argus August 18, 2022d its ‘Hold’ rating to ‘Buy’ for CLS, as published in its report on August 18, 2022. Citigroup’s report from July 27, 2022 suggests a price prediction of $10 for CLS shares, giving the stock a ‘Neutral’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
Analysis of Celestica, Inc. (CLS)
Further, the quarter-over-quarter increase in sales is 20.19%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Celestica, Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 19.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CLS is recording an average volume of 2.29M. On a monthly basis, the volatility of the stock is set at 4.87%, whereas on a weekly basis, it is put at 4.04%, with a gain of 10.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.96, showing growth from the present price of $47.87, which can serve as yet another indication of whether CLS is worth investing in or should be passed over.
How Do You Analyze Celestica, Inc. Shares?
Celestica, Inc. (CLS) is based in the Canada and is one of the most prominent companies operating in the Electronic Components market. When comparing Celestica, Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.80, there is a growth in quarterly earnings of 319.74%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CLS shares are owned by institutional investors to the tune of 80.55% at present.
